Viewing Listing MLS# 21002555

$1,295,000
Reduced -$80,000
120 W Arctic Avenue
Folly Beach, SC 29439

N/ABeds

N/AFull Baths

N/AHalf Baths

1,782SqFt

1950Year Built

0.24Acres

MLS# 21002555
Multi Family
Active Contingent

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AreaFolly Beach

CountyCharleston

Agent Remarks

What a RARE find on Folly Beach. 120 W Arctic Ave is a FULL STREET TO STREET property zoned ISLAND COMMERCIAL. The potential uses for this unique and well kept property are numerous. Currently it is a top & bottom duplex with the upstairs being a 3BR/2BA property with great open spaces and finishes. The full front sunroom/porch offers excellent views of the ocean and is literally just steps from beach access and less than 1 block from Center St and all of the wonderful shopping and dining options that Folly Beach has to offer. Downstairs is currently a super cute 1BR/1Bath rental with its own covered patio and small screened in porch off of the kitchen. This property with minor alterations could accommodate either a 2nd stand alone structure to be built allowing for either another residential/rental space or a vibrant commercial space. The property is zoned Island Commercial. Island Commercial allows Tourism Accommodation Uses (hotel/motel/inn) and also one residential unit over a non residential use (Folly Code Table 164.01). The owner has also demonstrated that an Inn can be placed on this parcel under the 200' rule. This parcel is one of the last remaining lots on Folly Beach to allow such a structure to be built. And the options go on and on....live in one level now and rent the other level out while you wait to make your next moves. Currently there is also a large free standing garage on the lot that would offer great short or long term storage as well. This is that unique opportunity that just does not come up very often.....investors take note!

Bathroom Info

Unit Baths: 1.00

Unit Baths: 2.00

Building Info

Year Built: 1,950

Exterior Features

Architectural Style: Duplex

Lot Info

Acres: 0.24

Misc

Property Info

Stories: 2.0

Special: Flood Insurance

Amenity: Cable TV Available, Extra Storage, Trash Pickup

Room Info

Sale / Lease Info

Sqft Info

Unit Sqft: 1,322

Unit Sqft: 460

Sqft: 1,782

Tax Info

Tax Map: 3281400162

Unit Info

Unit Bedrooms: 1

Total Numunits: 2

Unit Bedrooms: 3

Schools

Elem: James Island

Middle: James Island

High: James Island Charter

Courtesy of listing office Vacasa SC LLC

Featured Lender

Laurie Holscher

South State Bank

843-529-5825
Laurie.Holscher@southstatebank.com
https://www.southstatebank.com/loan-officer/laurie-holscher/

Laurie is a native Charlestonian with a keen knowledge of the Lowcountry mortgage market and more than 15 years in the financial industry at South State Bank. She was named South State Bank’s No.1 individual producer in Mortgage Sales in 2012 and 2013, and is consistently amongst the top 1% of mortgage bankers at South State earning the confidence and loyalty of countless Lowcountry residents by providing exceptional service. She is a graduate of College of Charleston and South Carolina Bankers School. Laurie specializes in jumbo lending, conventional loans, physician loans, lot loans, and construction loans, and understands that communication is key to delivering exceptional service during the home loan process. When she is not helping customers with their mortgage needs, Laurie and her husband, Ted enjoy spending time with their three children.

Contact Laurie today and let her expertise work for you.

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Price & Status History (on holycityre.com since Sun, Jan 31st 2021)

Original Price: $1,375,000
Current Price: $1,295,000
Price Reduced: $80,000

Date Changed	From	To
02/15/2021	Active	Active Contingent
02/10/2021	$1,375,000	$1,295,000 Reduced by $80,000

Residential, Land, Other Disclaimer:

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity^SM Program of the Charleston Trident Multiple Listing Service. Real estate listings held by brokerage firms other than ChuckTown Homes, LLC are marked with the Broker Reciprocity^SM logo or the Broker Reciprocity^SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Last updated on 02-28-2021 4:01 PM EST . The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2021 Charleston Trident Multiple Listing Service, Inc. All rights reserved.
Commercial Sale/Lease: Copyright 2021 South Carolina commercial MLS, Inc. All rights reserved. Last updated on 02-28-2021 4:01 PM EST est.